FX.co ★ BTC analysis for August 17,.2020 - Key pivot at the price of $11.950 on the test

Further Development

Analyzing the current trading chart of BTC, I found that BTC is testing the key pivot resistance at the price of $11,950 and you should watch carefully that level for the further directional play.

Rejection of the pivot resistance at $11,950 can represent opportunity for downside rotation towards the $11,600

The breakout with strong momentum of $11,950 can represent potential for further upside movement towards $12,300

Key Pivot level is set at $1,950-$12,000